ST. PETE BEACH– The Sirata Beach Resort and Conference Center has sold for around $80 million.
According to a mortgage and security agreement filed this week, the buyer, GPIF Sirata LLC, assumed an existing mortgage with a $25.3 million balance and borrowed an additional sum for a total of up to $82.25 million."
Texas-based Crescent Real Estate partnered with an Atlanta company to acquire the 382-room hotel in an off-market deal with the original owners, the Nicklaus family. Neither side disclosed the purchase price, nor was it reflected in the taxes on the deed transfer.
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